INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IIPR - US45781V1017 - REIT
56.77 USD
+4.66 (+8.94%)
57.374 USD
+0.6 (+1.06%)
Taking everything into account, IIPR scores 6 out of 10 in our fundamental rating. IIPR was compared to 128 industry peers in the Diversified REITs industry. While IIPR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. IIPR is valued quite cheap, but it does not seem to be growing. These ratings would make IIPR suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year IIPR was profitable.
In the past year IIPR had a positive cash flow from operations.
Each year in the past 5 years IIPR has been profitable.
In the past 5 years IIPR always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 5.15%, IIPR belongs to the best of the industry, outperforming 95.31% of the companies in the same industry.
IIPR has a better Return On Equity (6.46%) than 73.44% of its industry peers.
IIPR has a Return On Invested Capital of 4.98%. This is amongst the best in the industry. IIPR outperforms 93.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IIPR is above the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.15% | ||
| ROE | 6.46% | ||
| ROIC | 4.98% |
ROA(3y)6.58%
ROA(5y)5.75%
ROE(3y)8.08%
ROE(5y)7.08%
ROIC(3y)6%
ROIC(5y)5.36%
1.3 Margins
IIPR's Profit Margin of 43.61% is amongst the best of the industry. IIPR outperforms 93.75% of its industry peers.
In the last couple of years the Profit Margin of IIPR has remained more or less at the same level.
IIPR has a better Operating Margin (50.54%) than 91.41% of its industry peers.
In the last couple of years the Operating Margin of IIPR has remained more or less at the same level.
Looking at the Gross Margin, with a value of 89.20%, IIPR belongs to the top of the industry, outperforming 92.19% of the companies in the same industry.
In the last couple of years the Gross Margin of IIPR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.54% | ||
| PM (TTM) | 43.61% | ||
| GM | 89.2% |
OM growth 3Y-5.45%
OM growth 5Y0.08%
PM growth 3Y-2.31%
PM growth 5Y1.02%
GM growth 3Y-2.46%
GM growth 5Y-1.34%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IIPR is destroying value.
Compared to 1 year ago, IIPR has more shares outstanding
The number of shares outstanding for IIPR has been increased compared to 5 years ago.
IIPR has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.11 indicates that IIPR is not a great score, but indicates only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.11, IIPR belongs to the best of the industry, outperforming 95.31% of the companies in the same industry.
IIPR has a debt to FCF ratio of 2.21. This is a good value and a sign of high solvency as IIPR would need 2.21 years to pay back of all of its debts.
IIPR has a better Debt to FCF ratio (2.21) than 99.22% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that IIPR is not too dependend on debt financing.
IIPR has a Debt to Equity ratio of 0.18. This is amongst the best in the industry. IIPR outperforms 99.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.21 | ||
| Altman-Z | 2.11 |
ROIC/WACC0.62
WACC8.1%
2.3 Liquidity
A Current Ratio of 0.29 indicates that IIPR may have some problems paying its short term obligations.
IIPR has a Current ratio of 0.29. This is amonst the worse of the industry: IIPR underperforms 87.50% of its industry peers.
A Quick Ratio of 0.29 indicates that IIPR may have some problems paying its short term obligations.
IIPR has a worse Quick ratio (0.29) than 86.72% of its industry peers.
IIPR does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The earnings per share for IIPR have decreased strongly by -20.83% in the last year.
The Earnings Per Share has been growing by 22.61% on average over the past years. This is a very strong growth
Looking at the last year, IIPR shows a very negative growth in Revenue. The Revenue has decreased by -11.22% in the last year.
Measured over the past years, IIPR shows a very strong growth in Revenue. The Revenue has been growing by 47.16% on average per year.
EPS 1Y (TTM)-20.83%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-29.2%
Revenue 1Y (TTM)-11.22%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-15.47%
3.2 Future
Based on estimates for the next years, IIPR will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.19% on average per year.
Based on estimates for the next years, IIPR will show a decrease in Revenue. The Revenue will decrease by -4.86% on average per year.
EPS Next Y-26.74%
EPS Next 2Y-12.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-13.97%
Revenue Next 2Y-6.47%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.99, which indicates a correct valuation of IIPR.
Based on the Price/Earnings ratio, IIPR is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
IIPR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.56.
IIPR is valuated correctly with a Price/Forward Earnings ratio of 13.56.
96.88% of the companies in the same industry are more expensive than IIPR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of IIPR to the average of the S&P500 Index (23.79), we can say IIPR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.99 | ||
| Fwd PE | 13.56 |
4.2 Price Multiples
IIPR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. IIPR is cheaper than 92.19% of the companies in the same industry.
IIPR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IIPR is cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.32 | ||
| EV/EBITDA | 8.88 |
4.3 Compensation for Growth
IIPR has an outstanding profitability rating, which may justify a higher PE ratio.
IIPR's earnings are expected to decrease with -12.19% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.57
EPS Next 2Y-12.19%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.58%, IIPR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.20, IIPR pays a better dividend. On top of this IIPR pays more dividend than 97.66% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, IIPR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.58% |
5.2 History
The dividend of IIPR is nicely growing with an annual growth rate of 28.79%!
IIPR has been paying a dividend for over 5 years, so it has already some track record.
As IIPR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)28.79%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
182.38% of the earnings are spent on dividend by IIPR. This is not a sustainable payout ratio.
IIPR's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP182.38%
EPS Next 2Y-12.19%
EPS Next 3YN/A
56.77
+4.66 (+8.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners69.56%
Inst Owner Change-2.12%
Ins Owners1.54%
Ins Owner Change0.14%
Market Cap1.59B
Revenue(TTM)276.04M
Net Income(TTM)120.38M
Analysts47.27
Price Target58.4 (2.87%)
Short Float %8.67%
Short Ratio7.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.58% |
Yearly Dividend7.56
Dividend Growth(5Y)28.79%
DP182.38%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.36%
Min EPS beat(2)-22.17%
Max EPS beat(2)7.46%
EPS beat(4)1
Avg EPS beat(4)-4.78%
Min EPS beat(4)-22.17%
Max EPS beat(4)7.46%
EPS beat(8)3
Avg EPS beat(8)-3.92%
EPS beat(12)7
Avg EPS beat(12)-0.96%
EPS beat(16)8
Avg EPS beat(16)-1.56%
Revenue beat(2)0
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-3.46%
Max Revenue beat(2)-1.76%
Revenue beat(4)0
Avg Revenue beat(4)-2.08%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)-1.51%
Revenue beat(8)2
Avg Revenue beat(8)-1.9%
Revenue beat(12)5
Avg Revenue beat(12)-0.72%
Revenue beat(16)8
Avg Revenue beat(16)-0.49%
PT rev (1m)0.44%
PT rev (3m)0.44%
EPS NQ rev (1m)9.19%
EPS NQ rev (3m)10.99%
EPS NY rev (1m)5.41%
EPS NY rev (3m)1.04%
Revenue NQ rev (1m)0.44%
Revenue NQ rev (3m)0.82%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.99 | ||
| Fwd PE | 13.56 | ||
| P/S | 5.76 | ||
| P/FCF | 10.32 | ||
| P/OCF | 7.72 | ||
| P/B | 0.85 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 8.88 |
EPS(TTM)4.37
EY7.7%
EPS(NY)4.19
Fwd EY7.38%
FCF(TTM)5.5
FCFY9.69%
OCF(TTM)7.36
OCFY12.96%
SpS9.85
BVpS66.5
TBVpS66.24
PEG (NY)N/A
PEG (5Y)0.57
Graham Number80.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.15% | ||
| ROE | 6.46% | ||
| ROCE | 6.31% | ||
| ROIC | 4.98% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 5.15% | ||
| OM | 50.54% | ||
| PM (TTM) | 43.61% | ||
| GM | 89.2% | ||
| FCFM | 55.85% |
ROA(3y)6.58%
ROA(5y)5.75%
ROE(3y)8.08%
ROE(5y)7.08%
ROIC(3y)6%
ROIC(5y)5.36%
ROICexc(3y)6.35%
ROICexc(5y)5.68%
ROICexgc(3y)6.4%
ROICexgc(5y)5.72%
ROCE(3y)7.59%
ROCE(5y)6.79%
ROICexgc growth 3Y4.5%
ROICexgc growth 5Y15.06%
ROICexc growth 3Y4.1%
ROICexc growth 5Y14.68%
OM growth 3Y-5.45%
OM growth 5Y0.08%
PM growth 3Y-2.31%
PM growth 5Y1.02%
GM growth 3Y-2.46%
GM growth 5Y-1.34%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.21 | ||
| Debt/EBITDA | 1.6 | ||
| Cap/Depr | 70.37% | ||
| Cap/Sales | 18.81% | ||
| Interest Coverage | 8.58 | ||
| Cash Conversion | 96.63% | ||
| Profit Quality | 128.08% | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 2.11 |
F-Score4
WACC8.1%
ROIC/WACC0.62
Cap/Depr(3y)415.19%
Cap/Depr(5y)944.48%
Cap/Sales(3y)91.95%
Cap/Sales(5y)210.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.83%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-29.2%
EPS Next Y-26.74%
EPS Next 2Y-12.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.22%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-15.47%
Revenue Next Year-13.97%
Revenue Next 2Y-6.47%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
EBIT growth 1Y-19.95%
EBIT growth 3Y8.42%
EBIT growth 5Y47.29%
EBIT Next Year17.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y570.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-15.81%
OCF growth 3Y11.05%
OCF growth 5Y41.91%
INNOVATIVE INDUSTRIAL PROPER / IIPR FAQ
What is the ChartMill fundamental rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
ChartMill assigns a fundamental rating of 6 / 10 to IIPR.
Can you provide the valuation status for INNOVATIVE INDUSTRIAL PROPER?
ChartMill assigns a valuation rating of 7 / 10 to INNOVATIVE INDUSTRIAL PROPER (IIPR). This can be considered as Undervalued.
What is the profitability of IIPR stock?
INNOVATIVE INDUSTRIAL PROPER (IIPR) has a profitability rating of 8 / 10.
How financially healthy is INNOVATIVE INDUSTRIAL PROPER?
The financial health rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) is 6 / 10.
How sustainable is the dividend of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
The dividend rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) is 6 / 10 and the dividend payout ratio is 182.38%.